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Politics : Formerly About Advanced Micro Devices
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To: TimF who wrote (324185)2/1/2007 6:19:31 PM
From: combjelly  Read Replies (1) of 1575767
 
"The alternatives got their feet cut out from under them, because they didn't make economic sense at the time, and in many cases where put in place primarily because of specific subsidies or tax breaks"

Several of them made sense at $40 a barrel oil. At $16, things changed. Of course, if we had continued research into some of the more promising ones instead of killing all of them, we would be in better shape. But everyone seemed to assume that under $20 a barrel oil would be forever.
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